Yes Joes, the pe is a bit high. As a norm I dont invest in high
pe stocks, however i take exception to this one (ISEC) mainly due to
its low valuation in relation to other healthcare stocks. Most healthcare stocks
seem to be able to command pe of 30X and above.

The other reasons are: quite dramatic growth in top n bottom line, no debt n
sizable cash of S$21.1 mil plus a fair dividend yield of around 3%.